Tong Sheng aims for IPO in early May, targeting 10% market share in semiconductor polishing pads
Tong Sheng plans to go public in early May and aims to capture 10% of the semiconductor polishing pad market share. The company also holds market shares in medical and sports products.
📋 Article Processing Timeline
- 📰 Published: April 7, 2026 at 18:13
- 🔍 Collected: April 7, 2026 at 19:00 (47 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 13:59 (306h 58m after Collected)
Tong Sheng held a media exchange meeting today. Chairman Chu Ming-kui stated that Tong Sheng started from the traditional polyurethane (PU) materials industry and has gradually transformed into the medical and semiconductor fields. Currently, revenue from semiconductor polishing pads and consumables accounts for over 60%, and this proportion is expected to further increase.
General Manager Shi Wen-chang pointed out that in addition to semiconductor polishing pads and consumables, Tong Sheng also has medical and sports products, as well as green eco-friendly adhesive product lines. Among these, they hold an 18% market share in the North American medical insole market.
Tong Sheng's revenue in 2025 was NT$1.981 billion, a year-on-year increase of 3.07%. After-tax net profit was NT$191 million, with earnings per share of NT$3.24. Revenue for the first quarter of 2026 was NT$559 million, a year-on-year increase of 16.63%.
Shi Wen-chang said that opportunities for growth in Tong Sheng's future semiconductor polishing pad products include wafer thinning for advanced process back-end power supply and advanced packaging. Furthermore, soft polishing pads are expected to be sent to customers for testing in the second half of this year, injecting future growth momentum.
Tong Sheng stated that its operating outlook for this year is optimistic, and with the new production lines coming online next year, performance is expected to improve further. Tong Sheng's current market share in semiconductor polishing pads is about 4%, and it is entering a period of high-speed growth, striving to challenge for 10% market share.
Tong Sheng pointed out that PU inventory levels are above six months. It is estimated that raw material supply will remain stable by the end of the year. Additionally, the cost of raw materials for its main product, semiconductor polishing pads, is low. (Editor: Lin Shu-yuan) 1150407
General Manager Shi Wen-chang pointed out that in addition to semiconductor polishing pads and consumables, Tong Sheng also has medical and sports products, as well as green eco-friendly adhesive product lines. Among these, they hold an 18% market share in the North American medical insole market.
Tong Sheng's revenue in 2025 was NT$1.981 billion, a year-on-year increase of 3.07%. After-tax net profit was NT$191 million, with earnings per share of NT$3.24. Revenue for the first quarter of 2026 was NT$559 million, a year-on-year increase of 16.63%.
Shi Wen-chang said that opportunities for growth in Tong Sheng's future semiconductor polishing pad products include wafer thinning for advanced process back-end power supply and advanced packaging. Furthermore, soft polishing pads are expected to be sent to customers for testing in the second half of this year, injecting future growth momentum.
Tong Sheng stated that its operating outlook for this year is optimistic, and with the new production lines coming online next year, performance is expected to improve further. Tong Sheng's current market share in semiconductor polishing pads is about 4%, and it is entering a period of high-speed growth, striving to challenge for 10% market share.
Tong Sheng pointed out that PU inventory levels are above six months. It is estimated that raw material supply will remain stable by the end of the year. Additionally, the cost of raw materials for its main product, semiconductor polishing pads, is low. (Editor: Lin Shu-yuan) 1150407